Village Real Estate SpecialistPatrick McNameeEvergreen Realty,
- Posted in Commonly Asked Questions About Laguna Woods/General Information
The governmental structure of Laguna Woods, which incorporated as a city in March of 1999, consists of a City Council and Mayor chosen from within the elected Council. The council functions as most city governments do, contracting for police, fire and other public services administering city funds, etc.
In addition, the governmental structure of Laguna Woods Village currently includes three housing corporations and the Golden Rain Foundation (GRF). Each owner in Laguna Woods Village is a member of one housing corporation and the GRF.? Between the GRF and the Housing Mutual’s, Laguna Woods Village has over $20 Million in reserves so we have a very fiscally responsible community.
The housing corporations are responsible for those things directly related to housing and the adjacent land.
The GRF is responsible for directing the operation of all “community” facilities such as the bus system, security, clubhouses, golf courses, stables, lawn bowling, etc.
Each of the Corporations contracts with Professional Community Management (PCM), a property management firm, to manage their respective area of responsibility.
The three Housing Mutuals are as follows:
Cooperative: United Laguna Hills Mutual – 6,323 owners
Condominium: Third Laguna Hills Mutual – 6,102 owners
Rossmoor Towers: Laguna Woods Mutual Fifty – 311 owners
Each Mutual has a board of directors composed of residents elected by popular ballot of their peers. The Golden Rain Foundation is elected by the Directors of the three mutuals to manage, control and run the community facilities. In addition to the boards of directors, some 26 advisory committees exist to assist in the complex job of managing such a large community.
If you would like any further information about Laguna Woods Village, please contact me, Patrick McNamee of Evergreen Realty, via my web site: www.Leisureworldre.com